The former US president Harry Truman famously asked for a one-armed economist after growing tired of hearing “on the one hand, this” and “on the other hand, that”.

Those listening to Michele Bullock, the Reserve Bank of Australia’s governor, talk about the future path for interest rates may sympathise.

As expected, the RBA’s monetary policy board held the cash rate steady at 3.6% on Tuesday. Nobody wanted to say ‘mission accomplished’ on inflation – certainly not Jim Chalmers. But he was surely thinking it Read more

At the regular post-meeting press conference, Bullock said she could envision a future where rates are on hold for the foreseeable future, and where they need to be cut again.

“What we’re focusing on is an interest rate path that will deliver us inflation sustainably in

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